Drewry: Oil price neutralises low sulphur fuel cost

Because of the sliding oil prices there have been no additional costs to either shipowners or shippers in complying with the sulfur requirements introduced on January 1st 2015, according to a new analysis by Drewry.

Photo: Hapag-Lloyd

Expensive for us as well as for the customers. This more or less sums up shipowners' expectations prior to the introduction of new sulfur requirements on January 1st 2015, and the container shipowners were preparing to send extra bills to the shippers.

But things have not turned out this way so far, according to a survey performed by Drewry about a month and a half after the requirements came into force. Additional costs have amounted to a big fat zero.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs